Enbridge Secures $2.7 Billion in Financing for Westcoast Pipeline Expansions

Enbridge has secured C$2.7 billion in financing for its Westcoast natural gas pipeline system from private investors KKR and Apollo.

The deal will fund two previously approved expansions, Aspen Point and Sunrise, which have regulatory approval and are backed by long-term take-or-pay contracts.

KKR-led capital accounts and funds managed by Apollo will receive an indirect cumulative 29% interest in the broader Westcoast system once Sunrise enters service, while Enbridge retains majority ownership and control.